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, let's bring in edward kenard, former partner of bain capital and perhaps the most famous private equity firm in history. also the author of "unintended consequences," why everything you've been told about the economy is wrong. and columnist for "harper's" magazine and author of "the age of greed," thank you both for joining me tonight. look ed, i want to quote from an article you wrote just a couple of days ago that was published on bloomberg. first sentence was the u.s. is holding a debate critical to its future, whether it is a tax redistribute and consume income that would otherwise be invested. i disagree with that statement. that premise. please explain why the trade-off is being made. do it quickly because i want him to respond. >> the top 5 pg&e of households save about 40% of their income. and so that's really the income that would be invested so when you tax that -- those households, you're really taxing the households that produce the equity, invest the equity and hold the equity in our economy. that unde
the ploughshares fund and then the next hour, congresswoman donna edwards in studio with us. but first... >> this is the "full court press." >> bill: dan, what have you got? >> other headlines on this thursday, the hospital in great britain where the pregnant kate middleton was released from this morning is re-examining its security procedures after an embarrassing moment yesterday. a pair of australian radio deejays prank called the hospital posing as the queen and prince charles and inquired as to the duchess' condition and got a full report from a nurse over the phone about her improving health. the hospital apologized for the incident. >> bill: can you imagine? calling up and pretending to be the queen? i can't imagine doing that. can you imagine anybody on the other end of the line actually falling for it? >> did you hear the accent she used? this is the queen. it was so bad. it was like that bad. hello, this is your queen. i would like to know about my granddaughter -- whatever it was. they totally fell for
from "60 minutes" on the project along with actors matt damon don cheadle and edward norton. it will be on tv next year. >> bill: al gore involved with this? >> i do not believe so. >> he should be. >> bill: he should be. >> president obama welcomed members of congress to the white house for a christmas party last night. interesting to note this is the fourth straight year where they've taken time out for holiday cheer while being on a strict deadline on huge legislation. the fiscal cliff likely wade for awkward conversations around the eggnog last night. >> bill: i'm sure when john boehner had his picture taken with the president. >> oh, yeah. >> bill: how are we doing here john? >> rick santorum has a new job. the former senator and failed presidential candidate will write a weekly column for the conservative world net daily site. ceo joseph made the announcement yesterday saying santorum will continue to go to bat for conservatives who feel their voices aren't being heard. >> bill: i cannot criticize r
: that's what i wonder sometimes, we feel -- john edwards used to use the two americas and it literally feels like i'm sitting here in l.a., and it feels like we're talking about two different countries. >> we are. and it's a totally republican-run state too. >> stephanie: at least the good news is mickey the president was reelected and he has done more for gay rights than any of the previous presidents combined. so hopefully we're moving forward >> yeah, but it is also up to the individual states. >> stephanie: i really hope it gets decided at the supreme court level, because i feel like you can't have different laws all over the country, it literally makes it a mess. >> it does. work benefits in one state, they move to another state, those benefits are denied. it's a huge mess. >> stephanie: yep. [♪ "world news tonight" theme ♪] >> stephanie: here is the other good news i mentioned, jim demint is leaving. >> yeah. >> stephanie: so there is that -- ♪ double your pleasure double your fun ♪ >> stephanie: that is one of the big signs that the t
Search Results 0 to 4 of about 5 (some duplicates have been removed)